Insurance

Here are variousblog resources related to the insurance of properties, ranging from the main building cover to ancillary ones like contents. Whether it's the premium to pay or the policy to correctly arrange, these help explain what's needed from the perspective of different property interests.

A critical distinction when looking at what a building insurance will cover for damage to a tenanted property, is what parts of the building are covered, which can be different to what the tenant is directly responsible for under their lease. This may come across as unnecessary detail when it comes to insurance covering a claim for damage, but it’s amazing what confusion it can cause.

Let’s take an example of a block of flats, where in actual fact the tenant owns an individual flat through a long lease, something I came across a few years ago. Now assume a break-in as they are unfortunately are on the ground floor, where a side window is broken and the burglars gain entry to steal a TV.